GIANT FOOD INC
S-8 POS, 1998-12-11
GROCERY STORES
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                                                      Registration No. 33-21992

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

- -------------------------------------------------------------------------------
                        POST-EFFECTIVE AMENDMENT NO. 1 TO
                                    FORM S-8
                             REGISTRATION STATEMENT
                                      UNDER
                           THE SECURITIES ACT OF 1933

- -------------------------------------------------------------------------------

                                 GIANT FOOD INC.
             (Exact name of registrant as specified in its charter)

            Delaware                                 53-0073545
 (Jurisdiction of Incorporation)       (I.R.S. Employer Identification Number)

                                6300 Sheriff Road
                                 Department 593
                            Landover, Maryland 20785
                    (Address of principal executive offices)
                    ----------------------------------------
                                 GIANT FOOD INC.
                      1987 NON-QUALIFIED STOCK OPTION PLAN

                            (Full title of the plan)
                    ----------------------------------------
                                Wayne K. Johnson
               Jorden Burt Boros Cicchetti Berenson & Johnson LLP
                       1025 Thomas Jefferson Street, N.W.
                                 Suite 400 East
                             Washington, D.C. 20007
                                 (202) 965-8100

                      (Name, address, and telephone number,
                   including area code, of agent for service)

                    ----------------------------------------

On May 19, 1988, Giant Food Inc. (the "Company") filed a Registration  Statement
on Form S-8, Registration No. 33-21992 (the "Registration  Statement"),  for the
sale of 200,000  shares of Class A Common  Stock,  par value $1.00 (the  "Common
Stock"),  of the Company  under the 1987  Non-Qualified  Stock  Option Plan (the
'Plan").  On October 22 , 1998,  Royal Ahold  concluded its tender offer for the
Class A Shares of the  Company.  In  connection  with its  acquisition  by Royal
Ahold,  the  Company  undertook  to  terminate  the  Plan  and  to  cancel  each
outstanding  option under the Plan and pay the holder  thereof in cash an amount
equal to the  product  of (x) the total  number of shares  subject  to each such
option,  whether or not then  vested or  exercisable,  and (y) the excess of the
offer price  being paid by Royal  Ahold for shares of Class A Common  Stock over
the  exercise  price per share  subject to such  option.  The options  have been
cancelled and the Plan has been terminated.  This Post-Effective Amendment No. 1
to the Registration  Statement is being filed to deregister 16,000 unsold shares
of the Class A Common Stock formerly issuable under the Plan.


<PAGE>


                                   SIGNATURES

     Pursuant to the  requirements of the Securities Act of 1933, the Registrant
certifies  that it has  reasonable  grounds to believe  that it meets all of the
requirements  for filing on Form S-8 and has duly  caused  this Post-  Effective
Amendment  to the  Registration  Statement  to be  signed  on its  behalf by the
undersigned,  thereunto  duly  authorized,  in the  City of  Landover,  State of
Maryland, on the 10th day of December , 1998.

                                          GIANT FOOD INC.

                                          By: /s/ Pete L. Manos
                                          Pete L. Manos
                                          President and Chief Executive Officer



     Pursuant to the  requirements  of the  Securities  Act of 1933, as amended,
this Post-Effective  Amendment to the Registration Statement to be signed by the
following persons in the capacities and on the dates indicated:

Signature                           Capacity in Which Signed       Date


/s/ Pete L. Manos                                                  12/10/98
Pete L. Manos                       Director, President and
                                    Chief Executive Officer


/s/ C.H.  Van der Hoeven                                           12/10/98
C.H. Van der Hoeven                 Director


/s/J.G. Andreae                                                    12/10/98
J.G. Andreae                        Director


/s/A.M. Meurs                                                      12/10/98
A.M. Meurs                          Director


/s/R. Zwartendijk                                                  12/10/98
R. Zwartendijk                      Director


/s/Alan S. Noddle                                                  12/10/98
Alan S. Noddle                      Director


/s/Robert G. Tobin                                                 12/10/98
Robert G. Tobin                     Director


/s/Mark H. Berey                                                   12/10/98
Mark H. Berey                       Senior Vice President-Finance,
                                    Treasurer and Chief Financial Officer
                                    (Principal Accounting Officer)

<PAGE>



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